Nomagic complete $22m funding round

Nomagic, a Polish start-up which has built a robotic arm for use in e-commerce and retailers’ factories, has completed a $22 million funding round.

Led by Silicon Valley-based fund Khosla Ventures as well as Almaz Capital from Berlin and the European Investment Bank, the latest funding round brings Nomagic’s investment to over $30 million following an initial funding round totalling $8.6 million in 2021.

Nomagic’s robotic arm can identify an item from an unordered selection, pick it up and pack it into a box – thereby freeing up factory workers to focus on more onerous tasks, the company said.

Nomagic has introduced a more advanced range of machine learning and AI-based technologies which advance the current limitations of robotic arms which can only work when items have already been ‘ordered’ in a predictable way, such as on an assembly line.

Along with the funding round announcement, Nomagic also shared that they are now working with Swiss e-commerce platform BRACK.CH.

The company has adopted Nomagic's picking solution in order to automate picking from its AutoStore™ system and reportedly has plans to expand the usage of Nomagic's picking solutions in the future.

    Share Story:

Recent Stories


HULFT
Find out how HULFT can help you manage data, integration, supply chain automation and digital transformation across your retail enterprise.
Talking shop: retail technology solutions from Brother
Retail Systems editor Peter Walker sits down with Brother’s senior commercial client manager Jessica Stansfield to talk through the company’s solutions for retailers and hospitality businesses, what’s new in labelling technology, and the benefits of outsourcing printing.